Market announcement
AS Silvano Fashion Group
LEI code
529900JNG41RRJKJYB65
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
1912
Submission date and time
31.10.2008 17:30:00
Content of announcement in Estonian
Title
Tütarühingu asutamine Eestis
Message
AS Silvano Fashion Group (SFG) asutas Eestis uue tütarühingu nimega OÜ Linret EST. Tütarühingu osakapital on 40 000 Eesti krooni (ligikaudu 2556 eurot), millest SFG omab 100%. Uue tütarühingu asutamise tingisid SFG jaemüügivõrgu strukturaalsed arengud ning vajadus eristada senisest selgemini grupisiseseid müügi- ja juhtimisfunktioone. OÜ Linret EST asutamine ei avalda olulist mõju SFG majandustegevusele. Asutamine ei ole käsitletav tehinguna seotud isikuga Tallinna Börsi reeglistiku tähenduses, ning SFG juhatuse ja nõukogu liikmed ei ole tütarühingu asutamisest muul viisil isiklikult huvitatud. Peeter Larin juhatuse liige Silvano Fashion Group Tel +372 67 10 700 E-post: [email protected] www.silvanofashion.com
Content of announcement in English
Title
Establishment of a new subsidiary in Estonia
Message
AS Silvano Fashion Group (SFG) established a new subsidiary in Estonia under the name OÜ Linret EST. The share capital of the new subsidiary is EEK 40,000 (approximately EUR 2,556), 100% of which is held by SFG. The reason for establishing the new subsidiary is the structural development of SFG's retail network and the need for a clearer separation between retail and management functions within the group. The establishment of OÜ Linret EST will not have significant impact on the economic activities of SFG. The establishment does not qualify as a transaction with a related person within the meaning of the Tallinn Stock Exchange Rules. The members of SFG's management board and supervisory council do not have personal interest in the incorporation of the company. Peeter Larin Member of the management board Silvano Fashion Group Tel +372 67 10 700 E-mail: [email protected] www.silvanofashion.com